The Manning times. (Manning, Clarendon County, S.C.) 1884-current, February 22, 1922, Section One Pages 1 to 8, Image 1
Section One Seton
Pagesl1to 8 Paesto
VOL. XLII .MANNING, S. C., WEDNESDAY, FEBRUARY 22, 1922
THIRTY-FOUR DEAD IN
AIRSHIP DISASTER
Rudder Fails to Work and Giant Air
craft Plunges to Earth
DESTROYED BY FLAMES
Many Believe Contact , With High
Voltage Electric Wires
Caused Destruction
"r
Norfolk, Va., Feb. 21.-Of the
forty-six army air service officers,
enlisted men and civilians who left
Langley Field air station at 1:45
this afternoon on what proved to
be the last flight of the giant army
dirigible Roma, thirty-four are
dead, the bodies of many of them
being charred beyond recognition, and
eight survivors are in the army pub
lic health service hospital here suf
fering from shock, burns and' bruises.
In less than an hour after cast
ing off her moorings at her hangar
across Hampton Roads the Roma
was a tangled mass of wreckage,
the huge gas bag being completely
destroyed by fire after a fatal nose
dive while soaring above the army
supply base here.
Only the bent and twisted frame
work remains to mark the scene
of the disaster when the search of
the debris was ended tonight after
the last body had been recovered.
Three Men Escape
Three of those on board of the
ill-fated airship escaped with only
slight injuries. They are:
Lieut. Byron T. Burt, Sergt. Ver
non Peek and Roy Hurley, a civilian.
Many, who witnessed the disaster
are inclined to the belief that the
explosion which caused the destruc
tion of the Roma was caused by con
tact with high voltage electric wires.
This theory, however, is contradicted
by others, who .claim that the airship
was ablaze before te disastrous plunge
to earth.
The Roma was making her first
flight since the installation of Lib
erty motors which were recently
substituted for propelling machinery
furnished by the Italian government
which sold the huge dirigible to
the United States government.
Trouble With Rudder
Norfolk, Va., Feb. 21.-Thirty
four (lead, including thirteen offi
cers of the army air service, is the
.result of the trial trip of the giant
dirigible Roma, wrecked at the army
supply base, Norfolk, at 2:10 o'clock
this afternoon.
The huge aircraft was hurried to
her fate by striking a net of 2,200
volt high-power wires as her pilot
was apparently trying to bring her
to as safe a landing as possible.
Crippled by trouble with her rud
der, she was being dropped to the
ground from a height of 1,000 feet
over a distance of scarcely more
than 500 yards.
Her contact with the high volt
age wires, which she tofe asunder,
started her gas bag afire and the
explosion followed as the nose of
the craft struck a pile of car ma
terial a few feet beyond.
The explosion sent flames 800 feet
in the asir as eight of her sur
vivors leaped from the "dock" of
the ship. Three others were drag
ged from the mass of wreckage and
flames.
Eleven Survivors
Eleven survivors out of a crew
and passenger list of forty-five, as
telephoned frop ' headquarters at
Langley Field late this afternoon to
officers from the air post checking
up on the results of the cr.tastrophe
The bodies of thirty-one had been
takeii out at 6 o'cloch, and eficers
who knew personally many of the (if
ficers and enlisted men, were unable
to identify a sinigle One of the vic
tims so badly charred was each
virtually cooked to (loath inl the mass
Sof wreckage when the explosion and
flames enlcompassedl them.
Only those in the forward part
of the operating compartment of
the ship had a chance for their
livea. Several were injured severe
ly by jumping, but three came out
prActically unhurt and were (dis
charged from the hispital within
a few hours after the disaster.
Lieut. Buirt, who with .Capt. Reed,
was the principal pilot of the Ronia
.was one of these. He jumped when
the ship was only a few yardls
from the ground. A civilian, Roy
Hurley, also escaped unhurt, as did
Master Sergt. Peek.
Survivors are Major .J. D). Rear
d (on, Capt. Walter J. Reed, pilot;
Lieut. Bynon T. Burt, pilot; Lieut.
C. H. Welch, Sergts. Harry A. Chap
man, J. M. Biedenbach, engineer, and
Vernon M, Peek, engineer; Corporal
Albert Flores and three civilians
Walter A. McNair, Bureau of Stand
*ards, Washington; Charles Dworack,
Emperintendlent of aerial construction,
.andl Roy Hurley._
p' ANNUAL MEETING
~'The annual public meeting to cele
brate the Frances Willard Memorial
will be held Sunday night, February
28, in the Presbyterian Church. Mr.
Easley, pastor of the Baptist Church
* will p reach the annual sermon, and
a Mr. Fowler, of the Methodist Church,
wjll assist Mr. McCord in the (devo
tional services. Special music, under
the direction of Mrs. W. C. Davis,
choir leader, and Miss Carolyn Plow
-Qden, organist, will be a delightful
feature of the program. Everybody
is cordially invited to unite wihthe
W. C. T.'U. and the Churches this
Uinion menting.
NOTES BY THE COUNTY
DEMONSTRATION AGENT
Farmers are almost daily making
inquiries about the Co-operative
Marketing Association for Cotton.
Our business men, bankers and others
have in many cases expressed them
selves as being heartily in favor of
this plan for selling our cotton.
Sardinia the section that led the
county in signing up members for
the Tobacco Association has asked for
speakers to explain the co-operative
marketing of cotton. Tuesday night
March the 7th, has been set for the
meeting at Sardinia. It is hoped that
the entire section will attend the
meeting.
Another car of banked sweet pota
toes has been shipped from the coun
ty. This car movimg from Summer
ton today, being shipped to Peters
burg, Va. About a dozen different
farmers put potatoes in this car. This
was the first car of sweets ever ship
ped from Summerton, and, in fact,
was the first car load of them ever
seen by most of the observers.
Tomorrow we begin grading and
loading a car from the curing house
of Mr. W. R. Davis. These will move
from Silver, Thursday or Friday.
People generally are taking a
great deal of interest in these ship
ments. They are studying the grades
and getting information on how to
produce the marketable potatoes.
W. R. Gray, County Agent.
MISS CLARA WILLIAMS WEDS
We clip the' following from The
State of last Thursday:
Macon, Ga., Feb. 16.-Former Judge
Joseph E. Pottle, one time candidate
for governor, was quietly married
here tonight to Miss Clara Williams,
young club woman, of his home town,
Milledgeville, Ga."
Miss Williams is well known here
having visited her sister, Mrs. T. M.
Mouzon, each ,summer for the last
several years.
CIVIC LEAGUE MEETS
The Civic League met Monday,
February 20th, with a good number
of the members present. After the
reading and approval of the minutes
of the January meeting, the reports
of the committees were given. The
chairman of the entertainment com
mittee apnounced the progress of the
teas, and the receipts therefrom, to
(late; in addition she announced the
annual plant sale, to be held on
March 3rd, in the ol Cafe stand.
Another appeal was made for soft
clothes, suitable for bandages, also
for old clothing, by the charity con
mittee. Mrs. La Prade was unani
mously elected a member of the
league. As there was no further bu
siness the meeting adjourned.
Respectfully submitted,
Irma 11. Weinberg,
Secretary and Treasurer.
MOTHER AND CHILDREN.
BURNED TO DEATH
Aiken, Feb. 21.-Mrs. C. E. Monts,
her two sons and a baby girl were
burned to death, and Mr. Monts was
probably fatally burned in a fire
which destroyed their home here early
this morning.
The fire, which was discovered
shortly after midnight, made such
rapid headway that it was impossible
to rescue Mrs. Monts and the children.
The fire was first discovered when
flames burst from the second story
window add when the fire bells failed
to give the alarm neighbors fired pis
tols and guns to attract attention.
The first persons to arrive on the
scene found Mr. Monts in an uncon
scious condition in the lower hall of
the house, where he had apparently
been overcome while trying to rescue
the children, as the bodlies wer~e seenI
in this section of the burning build
ing. Mrs. Monts wvas apparently
trying to make her wvay dowvnstairs
wvithi the little girl wvhen overconie.
COUJRT GONVENES
MONDAY, MARCH 13
Court convenes ,jn Manning March
13th, Judge Shipp presidling. The
followving is the petit jury:
.R. P. Gibbons, Turbeville'
.J. I. Walker, Summnerton
D. M. Evans, New Zion
C. S. Rigby, Manning
A. M. White, Alcolu
J. B. Bagnal, Wilson
C. B. Timmons, Wilson
T. M. Kennedy, Manning
A. J. Walters, Silver
IT. P. Dullose, Manning
C. HI. Wheeler, New Zion
JT. M. Dulose, Turbeville
W. J. Brunson, Summerton
P. R. Alderman, Alcolu
D. WV. Barwick, Alcolu
J. Q. Mathis, Summerton
Hi. HI. Evans, New Zion
J. R. Hodge, Alcolu
S. D. Coker, Turbesville
Ragin Mathis, Summerton
N. H. Pillips, Summerton
S. C. Way, Silver
J. R. Thames, Davis Station
R. L. Kennedy, Gable
P.-~W. Stukes, .Manning
F. M, Rhodus, Wilson
J. W. McFaddin, Sardinia
M. E. Worsham, Lake City
0. P. Johnson, New Zion
R. P. Barrow, New Zion
M. W. Ardis, Wilson
R. M. Folder, Summerton
J. A. Corbett, Manning
S. M. Driggors, Lake City
D). M. Gibson, Silver
C. D. Bell, M'anning.
CLAR[NDON COUNTY'S
BUDGET FOR 1922
Introduced by Clarendon Delega
tion- House.
The committee on ways and means
to whom was referred a Bill (H. 1191)
to provide for the levy of taxes for
ordinary county and road purposes
for the year 1922, and to provide for
the expenditure thereof for Clarendon
county respectfully.
Report:-That they have carefully
considered the same and recommend
that the same do pass.
II. B. Hendricks,
for Committee.
A BILL
To provide for the Levy of Taxes
for ordinary county and road purposes
for the year 1922, and to provide for
the expenditure thereof for Claren
don county.
Be it enacted by the General As
sembly of the State of South Caro
lina:
Section 1. That a tax of --....
mills be hereby levied upon all tax
able property of Clarendon County
for county purposes for the fiscal year
commencing January 1, 1922, for the
amounts and for the purposes herein
after stated as follows, to wit:
(a) Roads and Bridges:
Cross County Roads _...$12,500.00
Convicts and Maintenance of Road
Working organization .. ..12,500.00
Total ------------$25,000.00
(B) Salaries:
Clerk of Court ------------- $ 150.00
Sheriff ---- ---- ----.-------1,200.00
Treasurer _.-- ........... . . 600.00
Clerk to Treasurer ----------- 500.00
Auditor --- ---- ---- ------600.00
Clerk to Auditor ...--------400.00
Superintendent of Education 1,500.00
Attorney -------- _ .-.. ----150.00
Physician .. _.. __ ___ __----200.00
--------------------------350.00
Janitor of Courthouse ($500.00 of
which is deficit 1921) --- 980.00
Supervisor --..- ..- _ .. - 1,800.00
Clerk to Supervisor _-.- ------ 600.00
Two County Coinmissioners at $200.00
each ---- --- -- -- ----- 400.00
Contingent Budget Fund, Superinten
dent of Education . - . - . .. .150.00
Magistrates: Manning .-..500.00
Summerton .--.--_---_.300.00
Alcolu ------ -- -- -------..200.00
Turbeville ----...-...----.-100.00
Foreston .. -- _....- .......-.100.001
Paxville --...- --. 100.00
New Zion ..00----. .. .0.00
Gable .-- --. _--. .. _. .._100.00
Total .- ... .--- $11,180.00
(C) County Boards:
Board of Equalization ---._1,020.00
Total ----------$1,020.00
(D) Jail expenses, including diet
ing of prisoners _ - - _ _ . .-2,000.00
Deficit from year 1921 .. .. 1,308.92
Total ------------.$3,308.92
(E) Jurors and Witnesses $2,000.00
Deficit $1,164.76 year 1921 and special
term January 1922, $500.00 1,164.75
Total ------------_$3,664.75
(F) County home poorhouse and
poor ---- ---,-. ..----------800.00
Total ....... ..- $800.00
(C) Post mortems, inquests and
lunacy ---- ---- -----. ----550.00
Total _...... ..$550.00
(11) Public building, including wat
er, fuel, light and insurance 2,000.00
Repairs to County jail ',000.00
Total.._- .... -$4000.00
(J) Printing, postage and station
ery .... - ..........00
D~eficit $711 .341 for year 1921 and in
dlebted(ness to R. L. Bryan Company,
Walker, Evans, Cogswvell Company,
Bernard Company..-...._.2,282.77
To tal...--_........-$3,282.77
(IK) Miscellaneous contingent 1,000.00
D~eficit year 1921 -- -- - ....82.21
Vital statistics .......-.--...4541.50
Contingent Constables fund ....100.00
Deficit in contingent constables fund
(1921)---.....-------.. . ... ..._167.26
Clarendon-Sumter annexation sur
vey .-....-....-....-...-... ..250.00)
Total....- ........_$2,653.97
( L) Rural P~olice:
Three rural policemen at $1,800.00
each -...---.- -....-.6..._,400.00
' Total ....--.....$5,400.00
(Ml) Tomato Club:
Farm Demonstration Agent 1 ,500.00
Home Demonstration Agent ..1,000.00
County Nurse-...................1,600.0
Total.--...........__.$4,100.00
(0) Past Indlebtedlness:
Less estimated revenue from fines
and licenses andh other taxes 15,333.59
Grand Total.-.......$48,021.82
The Supervisor and Treasurer are
hereby authorized to borrow money in
anticipation of collection of taxes for
the year 1922 not to exceed Twenty
Thousand ($20,000.00) Dollars. Any
remaindler of the 1921 appropriation
shall be diverted to appropriation for
1922. The Supervisor shall not spendl
in excess of any amount appropriat
ed for any item.
Sec. 2. Any note or obligation
given for an amount execeeding the to
tal authorization shall be null and
void unless authorized in writing by
a majority of the Clarendon Delega
tion In the General Assembly. No
County officer charged with di sburs
ing the funds herein providled shall
expend or contract to spend under
any general item any sum greater
than the amount for uchenenral Item
MRS. [oGRAND C[[BRAT[S
HER NINE1IIH BIRTHDAY
The most beautiful party of the
n ason was given by Mrs. Sarah
Harvin in honor of the ninetieth birth
(lay of her grandmother, Mrs. II. T.
LeGrand.
Just at four o'clock the guest be
gan to arrive, and the rooms were
soon filled with the children, grand
children and great-grand-children, and
the many friends of the much loved
Mrs. LeGrand. Sitting in her rolling
chair, dressed in black silk, and beau
tiful white lace and ribbon cap, she
royally received her guest, in the
north parlor. It was uite a surprise
to Mrs. LeGrande to have so many
call, as Mrs. -larvin had not given
her a hint of the party. The guests
were then invited across the hall in
to the south parlor, where on a stand
stood the beautiful birthday cake on
which burned ninety canlles, near
the stand stood a table heaped with
many lovely and useful gifts, and
when Mrs. Harvin rolled her grand
mother's chair in, showing her the
cake glowing with its ninety candles
and the many beautiful gifts and
lovely flowers brought by her friends,
for a minute she was overcome, but
soon regained her natural composure
and dignity, entertaining her friends,
relating incidents of the long ago. To
attend a birthday party when the
honoree is ninety years, is an honor
and privilege few have enjoyed, and
this occasion will ever be a delightful
memory to those who were present.
Mrs. Bostic a sister of Mrs. LeGrand
was present, her birthday being the
same day. Mrs. LeGrand was left a
widow while in her twenties and came
to Manning as a teacher a number of
years ago, bringing with her, her
two daughters Kate and Lula, who
afterwards became Mrs. Charley Har
vin, and Mrs. Scott Harvin. She has
been the grand-mother of twenty-one
grand-children, and fifty-four great
grand-children. She has been a con
sistent member of the Methodist
Church for eighty years, and is the
only living Charter Member of the
Missionary Society of the Church
here.
A most delightful sweet course was
served by her great-grand-daughter.
Those present were: Mesdames D.
Levi, Eliza Appelt, C. B. Geiger, F. O.
Richardson, Sue Sprott, Furman
Bradham, Harriet J. Bradham, Archie
Barron, Joe Rigby, Simon Iseman,
Take Iseman, Scott Harvin, Sr., Scott
Hlarvin, Jr., Horton Rigby, Allen Har
vin, .anie Horton, John S. Wilson,
W. T. Lesesne, Sr., Charlie Rigby,
Frank Geiger, Brown, I. I. Appelt, I
English Plowden, Robert Jenkinson,
Stewart Hlarvin, Rosa Weinberg, W.
P. Legg, H. Johnson, Mr. and Mrs.
Fowler, Mr. and Mrs. Joe Sprott,
Mir. and Mrs. W. G. King, Mr. and
Mrs. Lucius ilarvin, Mrs. S. A. Har
vin and Mrs. Bostic of Sumter.
AMERICAN LEGION THANKS
TIHE NATIONAL. W. C. T. U.
Believing that the permanently dis
abled veterans of the World war were
most deserving of aid, the W. C. T. U.,
recently sent the balance of its patrio
tic war fund-$4,000--to the Aneri
enn Legion to be used in furthering
the comfort of our national heroes.
The National executive committee
of the American Legion has just sent
resolutions of appreciation beautifully
engraved on heavy vellum and hear
ing the seal and colors of the organi
zration. The resolutions are as fol
lows:
Whereas: the National Woman's
Christian Temperance Union has ren
c'rously offered the balance of its
Patriotic Fund in the sum of $4,000,
00 to TPhe A mnerican Legion for thle
benefit of' permanently disabled com..
rades ; anad
Wher'eas: this gift expresses, not
money's worth alone, lmiit sentLimnent
and feeling whliich are heyond v'alue,
Be it Funrthier Resolved : that the
gr'atitudle of' The A merican L~egio'n hie
conveyedl to them by this resolution
(dily iniscr'ibed andi~ transmitted b~y tho
proper' National Oflicers.
(Signed) H an ford MacN ider',
National Cormmander, Chia irman.
Lomuel Bolles,
National Adjutant, Secretary.
MISS APP'ELT ENTERTIAINS
Miss A ugusta A ppelt entertained
the Thursday night briidge club last
week nt a Valentine party. After the
game Miss Appelt served her guests
wvith a salad course. Those enjoying
the evening was: Misses Torn Bag
nal, irma Weinber'g, Corinne Barf'ield,
Car'olyn Plowden; Messrs. 'Taylor
Stukces, Jinm Spr'ott, Chai'lie Tlhomais,
Snm Bai'ron, .J. G. Dinkins and the
hoste s s.
being appropriated without the con
sent of a majority of the members of
the Clar endon Representatives in the
General Assembly. Any violation
of this provision is hereby declared to
be a malfeasance in omfce and such
offeer shall be subject to removal by
the Governor upon recommendation
of a majori tyo the Delegation, Hie
shall be liabie in his offcial bond for
all sums expended or contracted to be
spent in excess of the appropriation
without first gettIng the consent of
a majorIty of the Delegation as here
Inbefore provided.
Sec. 3. The ,Supervisor andI the
County Conmmissioners of Clarendon
County are hereby authorized and dIi
reetedl to advertIse in the county pa
per for bids for repairs to be dlone on
County jail in pursuance of the ap
proprinan thnefor.
RED CROSS HEALTH NOTES
Miss Susie G. Dawson, the Field
Representative of the Red Cross is in
'Manning this week in an endeavor to
stimulate Red Cross volunteer activi
ties and Junior Red Cross.
The Red Cross women who render
ed such splendid service in war days
are reorganizing all over the country
to conduct loan closets for their home
counties, answer emergency calls for
service to the disabled ex-service men
in hospitals, and calls for garments
for destitute children in Europe. Tu
berculosi soldiers are now in need of
knitted sleeping caps, and those who
would like to knit for "our boys" are
asked to notify the local Red Cross.
There is an immediate need of child
ren's garments for Russia at present.
Anyone who will donate material or
services in sewing, or children's
clothes in good condition, notify the
local Red Cross office. A splendid
work is being d9ie in many chapters
by women who are making warm
garments for children out of old wool
en suits. Layettes are especially
needed. In the Southern Division 303
Chapters have reorganized for ser
vice, and 50,000 children's garments
turned in and 8,000 layettes. How
ever, the quota is not yet reached.
Inl organizing for this service, the
home need is to be met first. In the
Loan Closet for the County should be
sheets, pillow cases, clean rags and
sleeping garments and articles to be
used in cases of sickness, and also
clildren's garments to meet the need
of children of the County in need of
proper clothing.
Two more schools have been in
spected this week. One at Paxville,
the other, the Sammy Swamp school.
The nurse is especially pleased with
conditions at Paxville this year. The
school generally has improved-clean
liness of teeth, personal cleanliness
and sanitary conditions of school and
grounds. The teachers without ex
ception have shown an interest in
health conditions and trying to instill
into their pupils high ideals. Although
many phases, such as oiling the
floors, having individual drinking
cups, individual towels and soap, and
sanitary toilets need attention, still
progress is being made toward our
goal. Health and happiness for all
in the community. It will be noticed
that the skin color is better than in
most schools-probably due to outdoor
exercise.
The summary report of Paxville is
as follows:
No. pupils inspected 107
No. pupils vaccinated - ..33
Defective eyes ... .------45
Defective ears - -8
Defective teeth -8
Enlarged tonsils 57--------.7
Nasal obstructions --- - ------__....2
Defective skins and scalps --t)
Anaemic - -------------.
Poor nutrition _..-45
Miscellaneous 2- - -
Summary Report of Sammy Swamp:
No. pupils inspected . .
No. vaccinated .- -----6
Defective eyes _.... 8
Defective ears .-.. .
Defective teeth .
En!arged tonsils----------------1(1
Anaemic .--- --_-----------''
Poor nutrition - -- -... 12
Defective skins .------- - 6
Miscellaneous-_-_- I
The entertainment committee of the
Civic League will have their annual
sale of potted plants on Friday,
March 3rd, from 3 till 6 p. m., at the
old Cafe---next to Weinberg Co's
store. Besides many pretty plants
there will be home-made cakes of
many varieties for sale. Whole cakes
---small and large, as well as cut.
enkes, so that just the quantity desir
ed may be pirchased.
LOCAL APPENINCS
IWNTY YEARS ACO
A pril 10, 1901
Messrs. Frank Harron oif Wy'sacky
and Sam Barron of Creenwood came
home for the E'aster holiday.
County Treasurer Bowvman has
urned over to Sheriff D~avis 5,30 tax
dlelinquents executions which is about
200 less than last year.
Miss Mayme H arvin who has been
on a v'isit to her sister ini Orangeburg,
has retutrnied home accompanied b)i
her sister, Mrs. D). D. Salley.
Call anid see the hammer and
hatchet we will sell you for 10ec on
bargain counter. Louis Levi.
A sneark thief stole a coat fronm
Rigby's clothing counter last Satur
(lay night, and( when Policeman Clarlk
got after the fellow he puirsuied him
so closely that the bdndlle became tot.
'heavy for the thief and he dropped
it. The coat wvas recovered, hut thc
coon escaped.
Miss Mellie Nelson, one of Mann
ing's favorite young ladies left last
Saturday to take charge of a hotel in
Timmonsville. -We sincerely regret
losing this young lady from this town,
and( we hope that success will attend
her at Timmionsville.
25c saved on every dollar spent at
Till's Racket Store.
Mr. and Mrs. Henry B. Richardson.
Jr., of Panola passed through Mann.
ing last Thursday evening on theit
way home. They were married is1
Charleston on Wednesday. We wish1
them, much happiness and littkc
trouble..
PREDICTS UPWARD
MOVE IN BUSINESS
Reserve Board Report-New Era of
Prosperity Will Follow Revival,
Says Statement.
Washington, Feb. 21.--Business
throughout the country, progress
ing through well defined cycles, is
nearing the point of the upward
swing of the economic pendulura,
according to the annual report of
the Federal Reserve Board trans
mitted today to Congress.
'There are those," the report
said, "who believe that the begin
ning of revival is not far . distant.
When it does definitely set in it
will be followed in lue course by
a new era of prosperity."
Business, in one of its "long
swings" from prosperity, the repo:"t
.ail, has followed its usual rota
tion, which it described as, "busi
ness activity and increasing pro
duction, excessive expansion and
speculation, followed hitherto by
panic and forced liquidation; a long
period of slow liquidation, ' business
depression and stagnation and then
revival. In the light of recent ex
perience," the report warned, "we
should remember, when we again
enter into a period of full pros
perity, that a reaction will follow
sooner or later, and if the flow of
the incoming tide can be centrolled
so that the crest may not be reach
ed too rapidly nor rise too high the
subsequent reaction will be less
severe and the next period of in
dustrial and commercial activity
and general prosperity will be
marked by saner methods, greater
achievement along constructive
lines and by a longer diuratior,
than any which we have had he
fore."
The board confined its report, to
an account of the operation of the
organization for the year 1921,
without offering any suggesti">n
for legislation affecting the board
or the federal reserve system. The
earning assets of all federal r( -
I serve banks, the report saii,
amounted on December 28, 1921, to
$1,535,851,00() commred witih :'.
263,027,000 on December 30, 1920, a
reduction of $1,727,176,000, or *5;3
per cent and a reduction of 81,
886,125,000 or 55 per cent from the
high point reached on October 15,
1920.
'T'his reduction in loans, the re
p)ort explained, was accomipar.l
by a steady increase in go!bi re
serves and an almost con'.nmuots:
reduction in federal reserve ioto
Circulation, the loan reduction coon
tinning despite substantial decline
in discount rates.
Gross earnings of the feder-Ir le
serve banks for 1921 th-.' rl )i0 1.
cointinuned, amounted to $1 !,%i.;
000 compared with $181,297,00(, in
1920 the falling off in earning
being due to decline in the vi,!un:e
of rediscounts had reductions in
rediscount, rates. Memler bank
borrowings acecording to the relport.
showed a continuious decli n'' froi
82,(87,000,000 at the enod of 11920 to
about $1,14.1,000,000 at the end of
1921, due to a reduct on of twoer
$9,000,(00,0100 in the voleime if fid
era l reserve notes in ciic ul.at i on,
cauosed by lower price levels and
by net imports of golil mountir:'.
to $667,000,000 practically ill ii
which found its way into federa;I
reserve banks.
As a franchise tax the Fed-,rl
Reserve Blanks paid into the itea
ry $59,971 ,0001 for.i th a 1. I921.
On De)ceimbe~r 28, the reporit con
tinuedl, the lFederal Rese r'eBak
held at gobil reserive (ot S2,870),00n,
t000 andI ac coniinedl reserve' argatinst
mnembler banks' deposits an'lot
issues tof silihtly morp thtan Ti
Iper cent if~ the legri a raiimum rt
servt of 315 per cent, coul lie set
up against deposits, the report!
athled, there woumld iremiain a gIb
reserve of morec thani 97 per cett'
against federal res;erve tnot es im
circulation.
"For stome months piast ," itie me
,nort. saidi, ''t here har been a markit
('d easing in, idomestic rates of ini
teries-t. Notwithst antinlg stame on
lavorable features in the revenue
ilaws, t he investment, market is now
absorbing securities at reas-onatble
raites~ which couldi not ha.vt beeni
ton sidlerted a few nmothIs ago. Mat
ket quotat ions iof Libeviyv bonds
have steadily advanced natil they
ar no tc w aipiroaching par. Good
railroacnd anti industrial bonds have
also acpprec'iated anti there' ha vt
b~een sioine notiecale( advanc oes in
standiardl stocks. 11iigh c'omodit y
prie's antd gireat business act ivityv
usuaully mean lower prices forit
bonds an dother secu rifies yielding
a fixed income, whliile reduced comti
modify prices andi lower' mon0ey
rates bring higher market prices
for bonds.
MAD) DOG W'ITES T1EN
Greenville, Feb. 21.-Te''cn persons
at Brandlon anti Poinset, Mills, near
Greenville, ranging in ages from 2 to
41 years, were bitten by a madie
'p oodle clog Sunday afternoon anti
Monday, according to reports receiv
edl here. The clog was killed, and fol
lowing a report from Columbia that
.the animal had been suffering with
rabies, arrangements have been macie
to give the Pasteur treatment to those
bitten_